Digitalization of light, Internet of Luminous Things and new opportunities emerging for the lighting industry

The lighting industry is going through a technology revolution driven by LED technology. Currently, the industry is working hard to make LED affordable to the mass. This comes with steep price declines in LED and driving electronics. In order to remain a profitable industry with such short lifecycles, the lighting industry needs to create new values. The digitalization of light driven by the convergence of electronic control, cloud, analytics, and mobile enables such new value creation.